Policy

POLICY

CREW and Coalition Urge Congress to Close Loophole that Deprives Information to Ordinary Investors

Congress, Corporate, Federal Agencies, Securities and Exchange Commission (SEC), Financial, Governance & Legislation, House, Letters, Organizations, Government Accountability Project, Senate, Wall Street, Organizational Support Letters

Today, Citizens for Responsibility and Ethics in Washington, the Government Accountability Project, and New Rules for Global Finance sent a letter urging the House and Senate banking committees to take up legislation to close a loophole in securities law allowing activist investors to secretly buy large stakes in companies before initiating hostile take overs, depriving the market of material information and significantly disadvantaging ordinary investors.  

Read the letter to the House and Senate banking committees.